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the fiscal cliff talks? >> right now, susie, the fiscal cliff talks are clearly the item dejure for the stock market. i think most people expect exactly what eric miller was talking about from the fed. and bern bueno ben bernanke hasn transparent and telling people well in advance what he is going to do. the $85 billion should continue building up for our taxpayers balance sheet. >> susie: how does all of this play out in the markets. all of the bond buying, companies are still lding off from hiring and spending, and now the risk, possibly of a recession. how does it play out in the markets for 2013? >> what has happened, with all of this cash going into the market -- into the economy, not only from the u.s. fed, but from europe, from the central bank there, as well as from china, don't forget, so we've had this liquidity which has taken asset prices with the stock market and the bond markets, pricing it way up, it is actually helping housing after a long wait. moving into the future, there will be some duction in relythe fear that people have. it is not only a lack of confidence, but it is a
. and there are fiscal cliff talks and on capitol hill for a single day, all was quiet. that's always bad news if you are a political reporter, shannon travis live in washington, d.c.. there are some people who say well, let's read into the silence, because that's all we're getting and it's good news. do you feel that way? >> could be potentially good news. there is this notion of not negotiating through the media. the stakes are high, puts pressure on both sides. so on? that sense, as much as we would love to know what's going on in these discussions, it might be good to take some of the pressure off. i will read a statement from house speaker john boehner's press secretary. discussions with the white house are taking place, but we have no detail to share about the substances of those conversations. the republican offer made last week remains the republican offer and we continue to wait for the president to identify the spending cuts he's willing to make as part of the balanced approach he promised the american people. obviously, the president is saying he is waiting as well, soledad. waiting for re
fiscal cliff talks with the white house. on capitol hill for one day at least, all was pretty quiet. posturing and finger pointing kind of stopped. cnn political reporter shannon travis joins us now live from washington. what's the the latest on the talks or the silence? >> the silence seems to be golden, john. remember last week when all the players involved seem to be posturing and positioning and talking about negotiations? not so much, at least in the past few days. we know president obama and house speaker john boehner had a one-on-one meeting, right, on sunday, their first since mid-november. what were the details from that meeting and from the ongoing discussions? they're not really -- both sides are not really being forthcoming with what the substance of those conversations, both sides yesterday, the white house and the republican leadership put out statements. they're essentially the same. i'll read just one from boehner's press secretary. discussions with the white house are taking place but we have no detail to share about the substance of those conversations. the republi
talent. the corporate taxes may be part of the fiscal cliff talks. here is dan mitchell, senior fellow at the cato institute. google stashed $10 million in bermuda, hp has almost all of its cash offshore and apple said to shareholders, two-thirds of its $121 billion of cash is held outside the united states. now why is that? is it just because they hate america? >> two things to understand. number one, everything they do is completely legal. it's foreign source income that is being taxed in the countries where it's being earned. but, number, two, the u.s. has the highest corporate tax rate in the developed world. these companies if they bring that money back to the united states will be double taxed on top of what they paid oversea, yes, with some credit so maybe it doesn't get too much above 35% but we are shooting ourselves in the foot with very bad corporate tax policy. >> will president obama clahang that with this talk of corporate tax reform? >> i don't want to burst your bubble. i'm not sure the administration is serious about this. we've seen there idea of corporate tax reform
been agreed upon in the fiscal cliff talks, not to discuss the details. many look at this bipartisan silence and see an encouraging sign but white house and congressional sources tell me that while the atmosphere around these talks is positive between the president and speaker john boehner, when it gets to the underlying details, progress is maddeningly slow. president obama telephoned senate majority leader harry reid monday while rob nabors huddled for a second day in a row aide to speaker john boehner. no discernible progress toward breaking the fiscal cliff stalemate. mr. obama left that drama behind and told supporters in suburban detroit the fiscal cliff is serious business. >> if congress doesn't act soon, meaning in the next few weeks, starting on january 1st, everybody's going to see their income taxes go up. >> reporter: boehner and house republicans want to preserve all the bush era tax rates due to expire at year's end, shielding everyone from a tax increase. mr. obama wants to raise them for households earning more than $250,000 a year. he has so far resisted gop demands
. >> reporter: good evening. we are monitoring fiscal cliff talks. it's been radio silence from democrats and republicans in washington. they're sticking to preagreed upon talking points explaining that lines of communication are open. we don't know what it is speaker baner and barack obama are hashing out behind closed doors but more republicans are gravitating to the idea of compromising on a tax rate increase so long as they can get what they want for spending and entitlement cuts. listen. >> those rates are going up. we either act now to keep them from going up from as many people as possible or they will go up on everyone. that's a disaster. let's recognize reality, take care of as many people as we can. >> meanwhile, you're right. the president was in detroit where he continued his outside-inside game of running a campaign-style effort to jin up popular support for the fiscal cliff. because he was in michigan he took a whack at the proposed legislation -- the so-called right to work legislation. listen to the president. >> these so-called right to work laws don't have to do with eco
're going to have a look at republicans and the fiscal cliff negotiations with radio talk-show host and columnist armstong williams. that is coming up next as we continue the "washington journal." ♪ >> why a writers institute? i think it is very important within the culture. we are a culture of words, of voices. words are key to our imagination, our capacity to envision things. we ourselves are not completely tied to print on the page. but i think that there is no other art form so readily accessible other than perhaps -- but it is something -- there is something in literature that captures the humans. . >> this weekend, we look behind the scenes at the history and literary life of new york's capital city, albany, on c-span to and it c-span3. span3.c- [bell rings] >> this weekend on c-span3, follow harry truman's eldest grandson to hiroshima. >> everybody has their own view of what happened. survivalant to argue or about the history. i think we are past that. my goal for behing here is to honor the dead nand listen to the living and do what i can to ensure this does not happen aga
the president will get serious when wh it comes to the fiscal cliff talks. meanwhile, nbc's first read team says any deal reached should be a fragile one or could be. "news nation" is coming up in three. but it's not like everyone is going to break into a karaoke jam session. ♪ this will literally probably never happen. you won't just find us online, you'll also find us in person, with dedicated support teams at over 500 branches nationwide. so when you call or visit, you can ask for a name you know. because personal service starts with a real person. [ rodger ] at scottrade, seven dollar trades are just the start. our support teams are nearby, ready to help. it's no wonder so many investors are saying... [ all ] i'm with scottrade. hurry in and try five succulent entrees, like our tender snow crab paired with savory garlic shrimp. just $12.99. come into red lobster and sea food differently. and introducing 7 lunch choices for just $7.99.
to the united states, bill richardson. so that interview coming up later. >>> as fiscal cliff talks here in washington are showing little movement towards a deal, there's now a new report that president obama may be willing to put raising the eligibility age for medicare on the table. is that true? we will discuss more this more in our strategy. can i help you? i heard you guys can ship ground for less than the ups store. that's right. i've learned the only way to get a holiday deal is to camp out. you know we've been open all night. is this a trick to get my spot? [ male announcer ] break from the holiday stress. save on ground shipping at fedex office. welcome to chevy's year-end event. so, the 5.3-liter v8 silverado can tow up to 9,600 pounds? 315 horsepower. what's that in reindeer-power? [ laughs ] [ pencil scratches ] [ male announcer ] chevy's giving more. get the best offer of the year -- 0% apr financing for 60 months plus $1,000 holiday bonus cash. plus trade up for an additional $1,000 trade-in allowance. hurry. bonus cash ends january 2nd. humans -- sometimes life trips us up
, president obama and house speaker boehner spending a sunday together to talk about the fiscal cliff. no word on any progress and the president will be in detroit today to speak about the economy. joining us right now is cnbc's chief washington correspondent john harwood. john, you had a great column over the weekend in the in, times whether you took a look back at what happened in 1990 where things were set up for a grit debate but maybe things were easier at that point because you didn't have the 24-hour news cycle. you had other things that made it easier the last time around. what does that lead us to think this time around? >> well, there are ways in which it was more difficult, as you just alluded to, becky. but there are a lot of similarities, too. there are warnings that the economy is going to take a huge hit if a multi year budget deal was not enacted. you had a republican party led by a president who had made a no tax pledge and who was trying to figure out a way out of that. when he finally did that, that's when the negotiations took on a faster pace. and i do think here the fact
't supposed to -- i see. >> okay. >> i got it. >>> mike duke did mention the fiscal cliff. we're going to talk about it now. death and taxes among the things we're talking about. will a higher dividend tax rate essentially kill taxpayers at every income level? joining us to talk about this and more on the fiscal cliff is thomas fanning, chairman, president, and ceo of electric giant southern company. how does a utility, tom, how do you prepare for the uncertainty surrounding the fiscal cliff and these washington issues? i guess it's -- you know, in the back of your mind, but you got to run a business, don't you? >> sure. look, we plan with uncertasrcer all the time. our whoerizeons are 30, 40 years. there are big time economic horizons going on. one of the thing we're a indicator of is the future health of the economy. what we have seen is first quarter this year was a really good quarter. second quarter was okay. third quarter went to a dead stop in terms of economic growth. at least in the southeast. we have over 300 projects sitting on the shelf representing about 45,000 jobs. $15 billion o
be done about the fiscal cliff talk. what surprised us off the record behind the scenes, democrats and republicans agree they should be doing a lot more than they're talking about as part of the current negotiations. they said if you did more on tax reform and particularly on the corporate side and more on social security as far as limiting the growth of that program, more on medicare, if you did something to exploit this oil and gas boom that we're seeing in north dakota, texas and across the country, if you did more to get high skilled immigrants into town, you could not only have an economic recovery but an economic boom. there's a lot of agreement off the record on this, but that politicians on both sides are scared to go out there and be the first to say, hey, let's do these big things that could have an appreciable effect on the economy. >> steve, do you agree with that assessment? what are the big things that need to be done? >> i totally agree. the thing that's depressing about the fiscal cliff plan, we will change the tax code, change this, a tax on gas to help the energy
downstairs in case of an emergency. lisa, thanks. >>> the fiscal cliff talks have been happening. they are getting grief from some members of their own parties. does the public have a right to know what is going on behind closed doors? our strategy session is next. so we have ongoing webinars and interactive learning, plus, in-branch seminars at over 500 locations, where our dedicated support teams help you know more so your money can do more. [ rodger ] at scottrade, seven dollar trades are just the start. our teams have the information you want when you need it. it's another reason more investors are saying... [ all ] i'm with scottrade. hurry in and try five succulent entrees, like our tender snow crab paired with savory garlic shrimp. just $12.99. come into red lobster and sea food differently. and introducing 7 lunch choices for just $7.99. for a professional cleansing device? join the counter revolution and switch to olay pro-x. get cleansing results as effective as a $200 system. guaranteed or your money back. olay pro-x. out for drinks, eats. i have very well fitting dent
to correct the record. but first during this talk about the fiscal cliff and about the tax cuts that sunset at the end of the year, all we've been hearing since the election is about what are we going to do about taxes? that's a very significant thing as a result of the last election because i think it's a foregone conclusion there's going to be more revenue raised. but if we raise the amount of revenue that the president wants raised and raise it from the 2% that he wants to raise it from -- the wealthy -- that's only going to run the government for eight days. so what do you do the other 357 days? or if you look at the deficit, it will only take care of 7% of the $1 trillion-plus deficit that we have every year. what about the other 93%? so the point being that we can talk about taxes and taxes and taxes, but it's not going to solve the fiscal problems facing our nation. we don't have a taxing problem. we have a spending problem. and so we should have been spending the last three weeks talking about how we're going to take care of the other 93% of the problem. the president should have de
, the "national review" is reporting that if the fiscal cliff talks go sour, that john boehner might have a challenge for his speaker post. do you agree with that? >> i think speaker boehner is extremely strong in his position. he's been very, very smart, including the republican leadership, in his negotiations. while it's just him and president obama, he has them inside the room before he goes and meets with the president, he talks to them and they reflect the views of the entire conference. the key here with the entire deal is that the devil is in the details. once these details come out, it's going to take arm-twisting by both sides. it's going to take calls from the president and democrats. it's going to take the speaker to make sure republican conference members are falling into line and that's where we're going to see, when the rubber meets the road, if this deal can get done. remember, you know, health care reform by the president passed on december 24th. so we do have a president there just going right up to christmas. and if it doesn't happen at christmastime, they'll be coming b
. the speaker pro tempore: without objection, so ordered. >> thank you, mr. speaker. we're in this fiscal cliff talks and the president and the speaker are trying to work out a solution. and they're talking about tax raters in top 2%. mr. cohen: taxing their wealth. that's something they should do because it's fair and it gives the over 98% tax relief. but at the same time they're talking about increasing the medicare age from 65 to 67. and that's taxing the wealth of the less fortunate people who are 65 to 67. for them and for everybody, your health is your wealth. jimmy copeland a friend and semiphilosopher said that, your health is your wealth. if you raise the medicare age from 65 to 67, you're going to sacrifice the health of people who are not the most fortunate system of while we tax the income of the most wealthy, we'll be taxes what wealth theless wealthy have, their health. that's wrong. mr. president and mr. speaker should not increase that age and tax the poor. thank you, mr. speaker. the speaker pro tempore: for what purpose does the -- does the gentlelady from texas seek recogniti
talking about the fiscal cliff from jake sherman from politico and also talk about apple announcing yesterday they are going to bring a whole manufacturing line of computers here to the united states. great news. >> that's great news on the jobs front. president obama taking a little easy today. meeting this morning with his senior add advisories who are going to occupy his morning time. sorry. then he has a bill signing this afternoon, the child protection act of 2012 signing in the offal office at twvenlt minutes 20 minutes after noon. jay carney as of yet, no white house beef briefing schedule for today. looks like everybody is getting ready to go into the weekend. one of those -- what are are those job numbers going to be? what do they mean? will other companies follow the example of apple? over the weekend, any more talks good the fiscal cliff and how are we going to get out of it? all of that in the next hour of the "full-court press." so hang around. >> this is "the bill press show." where you don't back down from a challenge. this is the age o
of the fiscal cliff negotiations. blink and you just might miss exactly nothing. while talks between speaker boehner and president obama over the past three days have been shrouded in secrecy, we've learned there have been two offers put on the table. the white house sent boehner a proposal on monday calling for $1.4 trillion in tax revenue, $200 billion less than the original offer. might that seal the deal? >> the president's called for $1.4 trillion worth of revenue. that cannot pass the house or the senate. >> okay then. the speaker's office responded with a deal of its own. yesterday it included precisely the same amount of revenue from the original proposal, $800 billion, which indicates there may have been concessions else where. a democratic source close to the white house tells nbc news the proposal included a permanent extension of the bush tax cuts. that is highly unlikely to fly, given the hard line the president has taken on tax rates and what he told barbara walters in an interview airing this friday on "20/20." >> taxes are going to go up one way or another and the key is to m
? the other day, we were talking about the fiscal cliff. and you tell us it will be really, really bad. why does the market keep going up? >> everyone thinks they will fix it. in the market, the question, what will the top rate be for the highest earners. 37%? the market says there will be a deal and lower corporate tax rates. if there isn't a deal, after the first of the year, a big stock market sell-off. >> we'll talk about the 20 days left to the fiscal cliff, straight ahead. >>> still ahead, a prominent republican now officially a democrat. we'll take a closer look at why former florida governor charlie crist left the gop behind. he'll join us to talk about that. >>> and the hit reality show "storage wars," by the way, i love that show. is it fake? what one star is saying. say it ain't so. that in a moment. mmmm. [ female announcer ] make new traditions with pillsbury grands! cinnamon rolls. [ sniffs ] i took dayquil but my nose is still runny. [ male announcer ] truth is, dayquil doesn't treat that. really? [ male announcer ] alka-seltzer plus fights your worst cold symptoms, plus it r
and house speaker john boehner are talking again with 20 days to go until the fiscal cliff. major garrett is at the white house watching all the negotiations. major, good morning. >> reporter: well, good morning, norah, charlie, and gayle. lots of activity and where there's activity there's hope but not a lot of progress. speaker boehner and president obama talked by tell phone. i'm told the phone call did not go particularly well and they remain divided. they're going to allow business to go on until december 28th. the president remains confident a deal will get done. on monday the president gave republican as new offer, trimming his request for ten years of income tax revenue from $1.6 trillion to $1.4 trillion. he told republicans yesterday he's willing to put tax reform into the mix of negotiations. the republicans said the president is still asking for way too much in tax revenue and they always thought corporate tax reform would be part of the larger way. it's hard to come to a deal when one side officers concessions and the other side says the concessions are
the fiscal cliff. i'm beginning to hear a ton of blowback about how we talk about it way too much. jim, give it a rest, will you? i'm getting feedbck how our rise above campaign is stillborn because the politicians aren't going to rise above, stop kidding yourself cramer. yes, yes, yes to my no vacation without legislation mantra. even has its own hashtag on twitter. i wish i never had to talk politics ever. one of the reasons that i started "mad money" was that i would never have to talk politics. that's something personal that shouldn't even be discussed on air. i don't have any choice. i know everybody's hostage to washington these days. i can isolate some cloud plays. there's some trends that can trump the government, health and wellness maybe? breaking up is easy to do stories. better than expected retailers, in the end when it come to the fiscal cliff, the longer we delay a deal or can't do a deal at all, it's worse for all the shareholders and the investors and the stock market. yes, a deal that does nothing, it simply keeps taxes where they are right now and doesn't cut entitlements,
, quite frankly happen. now we're talking about using the fiscal cliff or the debt ceiling as the ultimate weapon, trying to get something from the president now or give something to the president now with a threat that the debt ceiling will be used as the weapon in a few weeks or months. and quite frankly, that's no way to run a country. we need to move beyond this stalemate and this gridlock and both parties need to come together. i think the president's trying his best and, quite frankly, i would say that speaker boehner is really trying here. but these are difficult circumstances and i believe -- i return to what i said earlier. we had an election. the president won. when it comes to these tax matters, the people of this country are supportive of the president's approach. >> i'm curious, chip, and you were on this teleconference and obviously those are people very involved and very interested but there's an awful lot of fatigue, election fatigue in this country and, frankly, the holidays -- holiday season is upon us, people are busy, kids are back in school, so son and so forth. how mu
negotiations over the so-called fiscal cliff stand. for the first time in a while the president has no public events today. on his agenda he has spent the last few weeks as you know on this relentless pr campaign to talk about it. and his lack of a tuesday to do list adds punch to reports like this one in the "wall street journal" with the headline talks take positive turn. >> john boehner, sitting down with the president, seems these two men are getting the job done, from what we hear. >> it is the serious business because they've got to come to a framework at the end of this week if they're going to get it written in time and passed in time so they all don't have to spend christmas in washington. >> that's right,er. wants to get out of town for the holidays. we are book now with our political power panel. msnbc contributor ron reagan and republican strategist. this is where things stand. last night the president's team called boehner, asked for more details on taxes. boehner's office says that they want more details on spending cuts. so here's what senator bob corker had to say on the deal.
, it will be a big deal. >> who's on the show this morning? >> we'll be talking inside these fiscal cliff negotiations. top lieutenants on both sides, kevin mccarthy for speaker boehner and dick durbin, senator durbin, white house ally, and we'll touch on sir, yeah an ongoing crisis and a lot happening this week on that. newt gingrich joins our roundtable as well. the press pass up there we have rick santorum who has things to say about how this fiscal cliff negotiation is going. >> all right. sounds good, david gregory, thank you for joining us. >> see you in a few minutes. >>> let's go to chuck now. we're dealing with fog and slick roads out there. >> good morning, you guys. good sunday morning, everybody. today will not be the prettiest day to be outside. we'l >>> the national zoo says one of its bears may soon give birth. here's a picture of billie jean, andean bear, and she's pregnant with two small cubs. the vets say she built a nest and staying inside a little more. she's also eating less. they say that that's, you know, pretty much the same way she acted the last time that she gav
boehner argued themselves into a corner on this fiscal cliff? >> the president has a clear, simple position. he wants to prove he can dominate by getting the rates up. either you are going to go over the cliff or find some kind of dramatic concession for the president. >> how does boehner give on rates. he said i oppose tax rate increases because tax rate increases cost american jobs. that gives you no room to give on rates. >> joining me now is former vermont governor and howard dean and republican strategist. general tmen, it's great to have you hear. if both president obama and the speaker postured themselves to the point any concessions look like a loss? >> i'm not paying that close attention to the negotiations because i believe we ought to go over the cliff. if you want maximum deficit reduction with the tax rates we paid with bill clinton and cuts as well as human service cuts, that's how you ought to do it. any compromise is going to be for the cliff. i'm for the cliff. >> newt gingrich, now governor dean there. do you feel the same way? is that the best way for the preside
hard to fire these people. 92 indeed. talking about the pesky fiscal cliff loomming in the end of the year. you know, the way washington works. you got to write bills and get people on board. if that is true and if they want to have a deal by january wobst as you look at a live picture where no one is working in that building. they would have to come up with a deal sometime this week by this weekend. it is interesting according to usa today apparently both sides are talk not releasing detailings. mr. boehner wants to know what spending cuts the president is talking about . the president wants to know what kind much tax hike the republicans go on. >> gretchen: it feels like dejavu. ground hog dog. last year it the debt ceiling orificical cliff. it was the debt ceiling. >> steve: first fiscal cliff of our lifetime. >> gretchen: it feels like it has been here a longg time and they were talking about the importance of the day to get the bill actually through. i feel like they can jump through hoops and get past that, too. >> eric: had it has to originate in the house and sent over
% of the gdp when it starts to have disasterous impact. >> wealthy are in focus for this fiscal cliff deal but based on what we're talking about here today, charles, you believe your average american family, regardless what happens with this deal or not, will be affected when by some of these higher interest rates or higher inflation you see coming for the country? >> absolutely. even without this, just with some taxes coming in, associated with the new health care law and other things, we're talking about people paying taxes on what they call, unearned income, which is misno, ma'am ir. obviously money you got to invest in that restaurant or invest in the stocks was earned in the first place and you're taking a risk. if you pay taxes on rent, as person paying taxes guess who will pass the cost along? i will pass along to whoever is renting from me. jenna: when you see this, we go back to the high inflation, some other impacts, we're printing so much money from the federal reserve. that is something we expect to hear this week from the federal reserve we'll continue do in the year to come,
movement. finally, the fiscal funnies. saturday night live could not help spoofing the cliff and the talks that aren't really talks between president obama and house speaker john boehner. >> in order to get the support of the speaker, i agree there will be no tax increases. i repeat, zero tax increases. why give in? well, simply put, i felt sorry for this man. early this week i found my way into the congressional cafeteria and what do i see? john boehner sitting by himself all alone, not a single member of his party willing to share his company. he didn't even have any milk to drink because, well, tell them why, john? >> they tinked in my milk and threw it in the garbage. >> i'll see back here tomorrow at 121:00 a.m. eastern time. now with alex wagner, who is coming up, a live edition now from washington today. alex, you left me. i miss you. >> oh, thomas. i'll be back at the end of the week, my friend. >> by thursday, right? >> yes. perhapsly have resolved the whole fiscal cliff thing in the meantime. >> excellent. >> president obama is taking his great reasonableness tour on the road aga
up to the fiscal cliff. >> brian: at least they are talking to each other. they are talking about raising rates for medicare to scen . rates to 37 . difdepped and inheritance and capitol gains on tap to go up. that could be devastating. >> steve: especially the difid end tax up a gigantical. >> brian: and capitol gains up five points. >> gretchen: stay tuned for that. he risked his life to help americans nail bin laden and now fox news has learned he was torteured in a pakistani jail. family members of the doctor said they can't even visit him. he was captured by pakistani officials and sentenced to 33 years in prison. got most wanten in the world. >> brian: why is there not more outrage on that. >> steve: and now extreme weather. he survived a tornado only to have this happen. watch. >> oh, my god, oh, my god. ci'm okay. che was chatting with a tv reporter when the roof came crashing down and luckily it was all caught on camera. >> gretchen: in country illegally. the university of california at berklyy offered 200 scholarship. a private company do mated money. >> brian: an easy b
together for the good. you talk about the fiscal cliff. bring congress and they can back up their own stones. i would love to see boehner with a stone. >> for would be perfect. >> nice to see you. award season is coming up. >> what's award season. >> how many are you going to nab? >> i would like a couple of good movies. dustin hoffman is called that. 75-year-old first time director. >> i love it. >> i'm going to see it. >> the d is silent. >> great to see you. >> come tonight. >> always. the 12-12-12 concert at 7:30 p.m. the 121212 concert.org. what does it take to uproot one of the largest hotel empires? scott wapner gives us a look at this new documentary behind closed doors at marriott. [ woman ] ring. ring. progresso. in what world do potatoes, bacon and cheese add up to 100 calories? your world. ♪ [ whispers ] real bacon... creamy cheese... 100 calories... [ chef ] ma'am [ male announcer ] progresso. you gotta taste this soup. how they'll live tomorrow. for more than 116 years, ameriprise financial has worked for their clients' futures. helping millions of americans retire on
there's a pressure point with the fiscal cliff. they see the next pressure point being february with the debt limit to try to get some serious spending cuts and go after the big three entitlements to get what they want which is to lower deficit through spending cuts. >> let's go to mcconnell. he's not a popular guy anywhere. least of all right here. but let me ask you this. is he stupid? he's not a stupid man. why would he say he would stop the government, have us risk another lowered credit rating in order to cut programs which are essential to so many people like social security and medicare? >> to throw the debt ceiling thing out there might be popular among some republican office holders in the city. i don't think it's really popular beyond that. what he said is a complete misrepresentation because after all raising the debt ceiling is to pay for what congress has already authorized. pay the bills that congress has already incurred. i don't think this is a fight you really want to have with president obama. he -- as a point of principle, he really does believe -- >> bring on
a sock, he says. what do you think of the fiscal cliff negotiations? he was asked. i think they'll work everything out in time for christmas. 76 million hits later. take a look at these two. >> love the cowlick. >> my pacifier. >> my pacifier. >> that's a fun game. >> aw. >> i mean, that is hours of entertainment. i mean, it really is. and remember them? this is the dad who strummed his guitar for his kids. [ laughter ] i had so many people ask us if this was cgi. unmanipulated video. it is pure here. "play of the day." i love these. i love all of you. you can vote for your favorite "play of the day," right now on goodmorningamerica.com on yahoo! the winners will be revealed next week. we'll have more on "gma" live and on yahoo! >>> coming up, inhaling your food. what could go wrong? there's a new ladies' man in town, and he knows to shop at walgreens during the holidays. we have great gifts at great prices, online and in the store. so you're sure to find something for that special someone -- even if you have several special someones. shop walgreens for great gifts, like lindt lindor tr
of leadership speaker boehner will need to show, and i think he eventually will. it's less a fiscal cliff than it is a slide or an incline plane or whatever. but i think that, you know, soon after the 1st, if we haven't done it by then when all the tax rates go and all the changes happen, we get serious and something happens, and i think speaker boehner will be part of it. that's why i'm generally optimistic within the next month if not within the next few weeks. >> i hope so. senator sherrod brown, thank you so much. nice to have you here, your wife as well. >>> coming up next, david shweikert is among a handful of conservatives demanding an explanation after being removed from their committee assignments. he'll join us next right here on "morning joe." meet the 5-passenger ford c-max hybrid. when you're carrying a lot of weight, c-max has a nice little trait, you see, c-max helps you load your freight, with its foot-activated lift gate. but that's not all you'll see, cause c-max also beats prius v, with better mpg. say hi to the all-new 47 combined mpg c-max hybrid. to the best vacation sp(a
at the fiscal cliff negotiations. last night "snl" revealed the real reason the president decided to talk to boehner one-on-one. take a look. >> in order to get the support of the speaker, i agree there would be no tax increases. i repeat, zero tax increases. now why would i do that? i mean, i won the election. i have the leverage. why give in? well, simply put, i felt sorry for this man. early this week i found my way into the congressional cafeteria and what do i see? john boehner sitting by himself. all alone. not a single member of his party willing to share his company. he didn't even have any milk to drink because, well, tell them why -- >> they had taken my milk and grown it in the garbage. >> they took it and lieu it in the garbage. i was so heartbroken to hear this, i said, look, how about this, john. if you agree to a 1% raise on the top two americans, just two people, i will dissolve social security. dissolve it. so he took it to the republicans in congress and what do they do? >> invited me to a pizza party. >> and when they got there -- when you got there, sorry -- >> it was
about the future of labor? >>> but we begin with the latest on the fiscal cliff. republicans made another counteroffer but it's reportedly not much different from their first offer. though we don't have specifics, we do know the president and john boehner talked on the phone last night and that call, according to a republican familiar with it, was tense and lasted just 15 minutes. i want to bring in real clear politics reporter aaron mcpike and david hawkings, editor of the cq roll call daily briefing. good morning. so president obama sat down with barbara walters last night. here's what he said. >> most important thing we can do is make sure the middle class taxes do not go up on january 1st and i'm pretty confident that republicans would not hold middle class taxes hostage to try to protect tax cuts for high income individuals. >> so he's confident. is it almost a foregone conclusion, do you think, david, that this is going to be the first piece of the puzzle that falls into place? >> i'm pretty confident that that's going to have to be the first piece of the puzzle that falls i
happens with the fiscal cliff. that is coming. what it will cost you. bill: hello, old man winter. he is out there and he is acoming. a major blizzard raging across the midwest bringing record levels of snow. it is de10th, right? martha: it is time. bill: so who is next? ♪ . martha: old man winter, a major storm is pounding parts of the upper midwest, unleashing record levels of snowfall. that's a lot out there. high winds, frigid air. minnesota of course very used to this kind of weather this time of year but even this is really out of the ordinary. reporter tom halden with our minneapolis affiliate ksft. he is driving, i don't know if i recommend that. there he is. he is out of the car. how bad is it out there? >> reporter: well, martha, it is really cold. we have been driving around the twin city roads this morning. we've been streaming and thought, you know what? it is 12 degrees. we have a full foot of snow on the ground. the kids are out of school, a lot of them, why not hop out of the car and let you guys know that winter finally arrived here. you know what? this is normal ki
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